BUSINESS MODEL AND STRATEGIES

The business model is driven largely by profit and is anchored on partnerships with technically competent, and reputable and financially buoyant mining companies to harness the full potential of Multiverse Mining and Exploration Plc mine properties across Nigeria. In the partnership agreement, the company’s responsibilities are and will be amongst others to:

• Provide the platform for mining operations in all its mine properties.
• Secure all licenses, approvals and permits required by the technical partners to operate seamless mining.
• Maintain a perfect community relationship with host communities and mastermind appropriate community development projects.
• To take responsibility for Governmental relationships at Federal, State and Local levels
• To obtain and facilitate work permit for all expatriate employees of the mine operations
• To provide suitable accommodation and necessary security arrangements for both local and non-local staff

The above model is predicated on the ambition to ensure that the company maximally explore and mine the resources available in the country. To this end, the Company obtains and has plans to obtain exploration and mining Licenses on all strategic minerals that fall within our focus. These minerals include but are not limited to Lead, Zinc, Copper, Barite, and Coal.

The company has signed separate partnership agreements with two Chinese firms in line with the business model. The first agreement is with Unicontinental Engineering Services Limited to reposition the granite quarries for enhanced capacity. While the other is with Anhui Synee Mining Co. Ltd of China for the mining of lead and zinc ores at its Abuni mine site in Awe L.G.A. of Nasarawa State. The table below summarizes the sharing formula and the estimated annual production.

PARTNERSHIP AND JOINT VENTURE OPERATIONS

The company intends to replicate the model on all its mine properties.